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EUR: Stable short-term fair value around 1.090 - ING
EUR/USD is trading just below 1.10 after having oscillated in a wide band (1.088-1.104) since the weekend.
Pound Sterling recovers against USD as US recession fears boost Fed dovish bets
The Pound Sterling (GBP) bounces back to near 1.2800 against the US Dollar (USD) in Tuesday's European session from over a month's low of 1.2708 posted on Monday. The GBP/USD pair recovers as the US Dollar resumes its downside move after a short-lived recovery in the last two trading days.
Forex Today: Tariff talks under scrutiny following volatile opening to week
Here is what you need to know on Tuesday, April 8:
USD/CHF remains under selling pressure near 0.8550 amid Trump tariff turmoil
The USD/CHF pair attracts some sellers to near 0.8550 during the early European trading hours on Tuesday. The US Dollar (USD) weakens against the Swiss Franc (CHF) as the fears of a global recession heighten following US President Donald Trump's sweeping tariffs on trading partners.
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Tuesday, according to FXStreet data.
China's Foreign Ministry: US actions do not show willingness for serious talks
China's Foreign Ministry said on Tuesday that "US actions do not show willingness for serious talks."
AUD/JPY recovers to near 89.50 as global sentiment improves
The AUD/JPY cross jumps to 89.40, snapping the three-day losing streak during the early European session on Tuesday. The improving global risk sentiment and encouraging stimulus plans from China provide some support to the Aussie.
EUR/USD Price Forecast: Bulls have the upper hand while above 1.0900, 200-period EMA on H4
The EUR/USD pair regains positive traction during the Asian session on Tuesday, snapping a two-day losing streak and stalling the recent pullback from its highest level since September touched last week.
FX option expiries for Apr 8 NY cut
FX option expiries for Apr 8 NY cut at 10:00 Eastern Time via DTCC can be found below.
NZD/USD attracts some buyers above 0.5550, RBNZ rate decision in focus
The NZD/USD pair attracts some buyers to around 0.5580 during the Asian trading hours on Tuesday. US President Donald Trump's tariffs on trade partners have raised fears of the potential recession in the United States, weighing on the Greenback.
USD/INR extends the rally after Trump's latest tariffs threat
The Indian Rupee (INR) declines on Tuesday, erasing all its gains of 2025. Fears over global trade tensions escalated after China implemented retaliatory tariffs on US goods. The heightened uncertainty has triggered risk-off sentiment, leading to outflows from emerging markets, including India.
Japanese Yen trades with positive bias against USD; seems poised to appreciate further
The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Tuesday and for now, seems to have stalled the previous day's sharp retracement from the vicinity of the multi-month peak.
China's Commerce Ministry: Will never accept the "blackmail nature" of the US
The Chinese Commerce Ministry issued a statement on Tuesday in response to the latest US threat to escalate tariffs on China.
PBOC says it will provide lending support to sovereign fund to stabilize Market
The People's Bank of China (PBoC) said early Tuesday that it will provide support to a sovereign fund when needed as it firmly supports its decision to buy more stocks, per Bloomberg.
PBOC sets USD/CNY reference rate at 7.2038 vs. 7.1980 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.2038 as compared to the previous day's fix of 7.1980 and 7.3321 Reuters estimate.
AUD/USD recovers above 0.6000 amid fears of US recession
The AUD/USD pair recovers some lost ground to near 0.6015 during the early Asian session on Tuesday. The US Dollar (USD) edges higher against the Aussie amid concerns over a recession in the United States following US President Donald Trump's sweeping tariffs on trading partners.
EUR/USD continues to pare brief tariff gains
On Monday, EUR/USD dropped again, marking a second consecutive day of declines for Fiber and pushing bids down to the 1.0900 level. Following a short break, the US Dollar is back in control of risk-off flows, with weakening investor sentiment further strengthening the Greenback across the board.
US Treasury Sec. Bessent: Japan's non-tariff barriers are quite high
US Treasury Secretary Scott Bessent late Wednesday said late Monday that he has not yet received a trade offer from Japan. Nonetheless, Bessent expects Japan to be prioritized in negotiations due to their early approach, per Fox Business Network.
Fed's Goolsbee: Significant tariff retaliation could boost inflation
Chicago Federal Reserve Bank President Austan Goolsbee said late Monday that significant tariff retaliation could boost inflation, adding that global trade war eruption may lead to a consumer behavior shift.
GBP/USD extends backslide as safe haven trade resumes
GBP/USD sank again on Monday, extending Cable into a second straight trading day of declines and pushing bids back down to the 200-day Exponential Moving Average (EMA) just north of 1.2700.
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